A hand tools and accessories refer to any tool that is not a power tool that is, one powered by hand (manual labour) rather than by an engine. Some examples of hand tools are garden forks, secateurs, rakes, hammers, spanners, pliers, screwdrivers and chisels. Hand tools are generally less dangerous than power tools.
With the rapid growth of the global automobile market, the development of the industrial segment has also been augmented. The growth of the segment is not restricted to a particular region, as the automobile industry is flourishing across the world. Increasing consumer spending ability and per capita, disposable income is also creating a positive impact on the industrial segment. The increase in technical jobs and employment is a great opportunity for the hand tools market to expand in terms of quality and pricing, as professionals use high-end tools and are willing to pay more for such products.
The global Hand Tools and Accessories market is valued at 14800 million US$ in 2018 is expected to reach 18900 million US$ by the end of 2025, growing at a CAGR of 3.1% during 2019-2025.
This report focuses on Hand Tools and Accessories volume and value at global level, regional level and company level. From a global perspective, this report represents overall Hand Tools and Accessories market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The report includes an in-depth analysis of the competitive landscape of this business vertical, constituting manufacturers like:
Apex Tool Group
Great Wall Precision
Market Segment by Regions includes:
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
General Purpose Tools
Metal Cutting Tools
Layout and Measuring Tools
Taps and Dies
By Industrial Application, the market can be split into:
Global Hand Tools and Accessories Market Research Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 99 pages report.
This market report provides in-depth analytics of the Hand Tools and Accessories industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
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